Goodwin was excited to once again sponsor and host a client event in connection with Consensus 2023, the world’s largest, longest-running and most influential gathering that brings together all sides of the cryptocurrency, blockchain and Web3 space. Co-chairs Mitzi Chang, Grant Fondo, and Karen Ubell, in addition to Partners Jonathan Hecht, Darin See, Meghan Spillane,
Latest from Digital Currency + Blockchain Perspectives
US Enforcement Agencies are Turning Up the Heat on Crypto-Related Crime (Cointelegraph Magazine)
On Jan. 7, Anatoly Legkodymov, founder of the cryptocurrency exchange Bitzlato, was arrested in Miami. The following day, the U.S. DOJ unsealed a complaint in federal court charging him with “conducting a money transmitting business that transported and transmitted illicit funds.” According to the DOJ, Bitzlato failed to meet U.S. regulatory safeguards, including Anti-Money Laundering
National Futures Association to Expand Compliance Rulebook to Address Member Activities in Spot Digital Asset Commodities
On February 28, 2023, the National Futures Association (NFA), the self-regulatory organization for U.S. derivatives market participants, submitted to the Commodity Futures Trading Commission (CFTC) for approval a new Compliance Rule 2-51: Requirements for Members and Associates Engaged in Activities Involving Digital Asset Commodities.
Compliance Rule 2-51 would impose compliance obligations in respect of
Goodwin Shares 2022 Year in Review: Digital Currency and Blockchain Litigation and Enforcement Developments
Throughout a tumultuous 2022, the digital currency and blockchain space saw a number of significant investigation, litigation, and enforcement matters as regulators continue their laser focus on the industry. Our 2022 Year in Review, authored by members of Goodwin’s leading Digital Currency and Blockchain team, recaps the most significant litigation and enforcement developments from the
ISDA Publishes New Digital Asset Definitions, White Paper on Navigating Bankruptcy in Digital Asset Markets
In a recent client alert, Goodwin partner John Servidio and associate Adam Fovent discuss the International Swaps and Derivatives Association’s (ISDA) Digital Asset Derivatives Definitions. As ISDA CEO Scott O’Malia observed, the Digital Asset Definitions are intended to “establish an unambiguous, standardized contractual framework for digital asset derivatives under the umbrella of
Crypto Lawyer Karen Ubell on Crypto Regulation, the SEC, and DAOs (Stronghold SpeakBold Fireside Chat)
What’s the SEC’s reach on emerging blockchain technologies and what does that mean for crypto in the United States? In the newest SpeakBold Fireside Chat, Stronghold’s Sarah Lane sits down with Digital Currency & Blockchain Technology partner Karen Ubell to discuss.
The post Crypto Lawyer Karen Ubell on Crypto Regulation, the SEC, and
Goodwin Partner Mitzi Chang Featured on Hsu Untied Podcast
Mitzi Chang, a partner and co-chair of the Fintech and Digital Currency & Blockchain Technology practices, was recently featured as a guest on Hsu Untied, a unique podcast with Richard Hsu. Hsu Untied is a 2-time award-winning podcast started by Richard Hsu for entrepreneurs, venture capitalists, best-selling authors, lawyers, athletes, TED speakers, and
CFTC Attempts To Extend Liability To DAO Participants
In a first of its kind enforcement action, the Commodity Futures Trading Commission (“CFTC”) is attempting to hold participating members of a decentralized autonomous organization (“DAO”) liable for alleged violations of the Commodity Exchange Act (“CEA”) and CFTC regulations. The CFTC argued (1) that the DAO is an unincorporated association; (2) that on the basis
U.S. Crypto Regulation: Less Conversation, More Action (International Financial Law Review)
The plethora of public statements and draft legislation published over the past few months in the US as part of the effort to define a regulatory framework for digital assets have all but failed to bring market participants the clarity they need. Just last week, the White House published a fact sheet, which it called